Paulan Export Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03091328 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

30 September 2014

for

Paulan Export Services Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr S P Wenlock

SECRETARY:

Mrs Y L Wenlock

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicestershire

LE19 1WP

REGISTERED NUMBER:

03091328 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Paulan Export Services Limited for the year ended 30 September 2014

which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement

of Total Recognised Gains and Losses and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of Paulan Export Services Limited in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements

of Paulan Export Services Limited and state those matters that we have agreed to state to the director of

Paulan Export Services Limited in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility

to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Paulan Export Services Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial

position and profit of Paulan Export Services Limited. You consider that Paulan Export Services Limited is

exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paulan Export

Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any

opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

19 December 2014

FIXED ASSETS

Tangible assets

2

987

932

CURRENT ASSETS

Debtors

334,366

229,338

Cash at bank and in hand

69,498

85,981

403,864

315,319

CREDITORS

Amounts falling due within one year

276,829

169,878

NET CURRENT ASSETS

127,035

145,441

TOTAL ASSETS LESS CURRENT LIABILITIES

128,022

146,373

PROVISIONS FOR LIABILITIES

-

57

NET ASSETS

128,022

146,316

CAPITAL AND RESERVES

Called up share capital

3

147

147

Capital redemption reserve

5

5

Profit and loss account

127,870

146,164

SHAREHOLDERS' FUNDS

128,022

146,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 December 2014 and were signed by:

Mr S P Wenlock - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more tax with the following

exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in

the periods in which timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in

arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

5,463

Additions

433

At 30 September 2014

5,896

DEPRECIATION

At 1 October 2013

4,531

Charge for year

378

At 30 September 2014

4,909

NET BOOK VALUE

At 30 September 2014

987

At 30 September 2013

932

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

97

Ordinary

£1

97

97

50

A Ordinary

£1

50

50

147

147